Skip to content
Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Angry Birds Movie 3 trailer by Paramount animated sequel before December 2026 release
    Videos

    Angry Birds Movie 3 Trailer Sets Dec 23 Release

    June 30, 2026 1 Min Read
    Olivia Wilde Trailer Gregg Araki Thriller I Want Your Sex Trailer Shows Olivia
    Videos

    Olivia Wilde Trailer Shows Gregg Araki Thriller I Want Your Sex Trailer Shows Olivia

    June 11, 2026 1 Min Read
    Alia Bhatt Alpha teaser shows the actor entering action mode in YRF’s female-led spy thriller.
    Videos

    Alia Bhatt Alpha Teaser Shows Bobby Deol Training Her

    June 10, 2026 1 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Pakistan Navy seeks Rs.15b for fleet modernisation
PhotoNews PakistanPhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
PhotoNews Pakistan > Pakistan > Pakistan Navy seeks Rs.15b for fleet modernisation
Pakistan

Pakistan Navy seeks Rs.15b for fleet modernisation

Web Desk
By Web Desk Published March 31, 2015 2 Min Read
Share
SHARE

As part of a massive fleet modernisation plan, the Pakistan Navy is seeking Rs15 billion over the next three years for its needs, a request that the acting naval chief made directly to Finance Minister Ishaq Dar.

Acting Chief of Naval Staff, Vice Admiral Khan Hasham Bin Siddique met the minister yesterday, at the finance ministry, seeking funds to meet the navy’s more urgent needs, as well as future requirements of the naval forces, according to a handout issued by the ministry. The acting naval chief sought over Rs2 billion for meeting immediate requirements and another Rs15 billion for future needs, said an official after the meeting.

The meeting indicates that the Pakistan Navy wants to go for major defence procurements over the next few years, aimed at modernising its fleet. As the smallest of Pakistan’s three armed services, the navy usually gets only one-tenth of the total stated defence budget, with the bulk going to the army. The direct meeting with the finance minister suggests that the navy is keen to get its needs fulfilled.

For his part, the finance minister was supportive of the idea of fleet modernisation, but asked the navy to go through the joint staff headquarters of the armed forces. “The minister directed that a complete picture of Armed Forces Development Plan (AFDP) be presented in consultation with the Joint Staff Head Quarters to assess the budgetary requirements over the next three years,” said the official handout.

However, Dar was also quoted as saying: “If there is a need, the government will not hesitate to help the navy through budgetary support.”

The federal government separately provides funds for the AFDP. This funding is over and above the traditional defense budget and usually ranges between Rs165 billion to Rs200 billion. For the current fiscal year, the government has allocated Rs165 billion under the heading “contingent liabilities”, but is meant for meeting the development needs of the military.

Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

Recent Posts

Oil prices drop as U.S.-Iran talks in Doha ease Strait of Hormuz supply fears

Oil Prices Drop 1% as US-Iran Talks Ease Supply Fears

Earthquake alert graphic shows seismic waves and cracked ground.

Pakistan Earthquake Jolts Islamabad, Lahore and KP

Novak Djokovic reaches Wimbledon third round for 20th time after beating Stefanos Tsitsipas

Djokovic Dismantles Tsitsipas 6-3, 6-4, 6-2 at Wimbledon

Post Archives

More Popular from Photonews

Serena Williams walks to the practice courts at the All England Lawn Tennis and Croquet Club in London ahead of her Wimbledon singles return.
Sports

Serena Williams Wimbledon Return Faces Maya Joint

1 Min Read
Ukrainian military personnel securing weapons cargo near a Kalitta Air plane during Ukraine military aid operations.
World

Ukraine Military Aid Deadline Missed by Pentagon

2 Min Read
Cameroon gender violence remains widespread as discriminatory laws and weak institutions leave women without protection, HRW said.
World

Cameroon Gender Violence Pledge Failed, HRW Says

2 Min Read
Top NewsWorld

US Iran Deal Will Not Undermine Gulf Security, Rubio Says

US Secretary of State Marco Rubio told Gulf allies in Bahrain on Thursday that any US…

June 26, 2026
Entertainment

Sami Zayn WWE Champion After Beating Rhodes, Gunther

Sami Zayn became Undisputed WWE Champion for the first time after beating Cody Rhodes and Gunther…

June 28, 2026
Sports

World Cup Heat Dome Threatens Fans, Players

New York: World Cup heat dome conditions could expose fans and players to dangerous temperatures this…

June 30, 2026
Sports

Arslan Ash Beats Rangchu to Win 8th EVO Tekken Title

Pakistan’s Arslan Ash beat South Korea’s Rangchu in the Tekken 8 grand final at EVO 2026…

June 29, 2026
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

    Categories

    • World
    • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir

     

    • Top News
    • Business
    • Entertainment
    • Sports
    • Videos
    • Tech
    • Offbeat
    • Blog
    • About Us
    • Privacy Policy
    • Code of Ethics & Editorial Standards

    © 2026 Phototnews
    All Rights Reserved.

    Welcome Back!

    Sign in to your account

    Lost your password?